The NSFW Clubhouse Fund
Over the past ten years, we’ve rented properties for the NSFW Clubhouse. This has presented unique challenges including increasing rent costs, the long process of finding spaces due to the type of events we host, and being subject to fire and police attention when in commercial spaces. This year we are planning to end our reliance on landlords by bringing together a group of members to raise funds to purchase a permanent Clubhouse in NYC.
The total raise amount is $400k and will be used towards the 10% down payment to secure a location between 59th St and Canal St in NYC. We’re looking at properties in the $3.5-$4M range. The raised funds will go into escrow and will be released once we have secured a location. We plan to let the membership know where we are in this raise and provide ways in which they can be a part of it.
A new company will be formed to handle the purchase of property and prevent us banking discrimination experienced by The NSFW in the past. This new company will be a registered as a real estate management company and will have no associations directly with the New Society for Wellness. This will allow us to open up our investor pool and reduce any potential negative attention with investing in a sex positive community.
The new company will function solely for the purpose of purchasing spaces to be rented out by The NSFW. After New York, new spaces for The NSFW will be purchased and then rented out to the community for usage.
We have sent requests to members in real estate for potential properties which may fit what we are looking for. Our ideal situation is a town house with backyard, rooftop and 3-5 floors (6-8 bedrooms). After remodeling, the space would then be rented out to The NSFW and be used as our new Clubhouse, covering the cost of the mortgage.
Here are a few spaces which fit out needs and price points:
With multiple floors and rooms, the Clubhouse will host NSFW adventures and be available for private party rentals, overnight stays for members visiting NYC or content creators looking for places to shoot.
We will open the space during the day for creators and brand partners. We will also have the location available for sex education professionals for workshops, education and private sessions.
Our plan is to continue to host pop-ups or secure temporary rentals (6 months) until we are able to secure a permanent location. We’re hoping to have all funds secure before the end of the year with move-in happening in 2025.
RAISE DETAILS
Amount: $400k-$650k
Usage: Downpayment for the property. Capital for buildout.
Investment: We’re raising up to $500k through an investment in the real estate holding company. Pre-money valuation of $2M for the holding company. After two years, we will begin the process of purchasing our second location through the holding company, further increasing its value.
Loans: We are planning to secure 25% of our raise through loans ($100k). We are starting these loans at $10k with a 5% interest rate.
$LOVER: We’re releasing $LOVER coins to raise an additional $75k. Lover can be used to purchase memberships, access passes and rentals at the new Clubhouse. Details to be released soon and we are providing $LOVER bonuses on loans and investment.
Partnerships: This support will come from brands looking to develop partnerships at the Clubhouse including adult studios, cam sites and those looking to connect to new customers through the space.
If you’d like to be a part of our raise to secure our permanent location, be in touch.
Scheduling calls to discuss and provide more information to members who are interested.
All funds raised will be saved to escrow until we are ready to purchase. All investors/lenders will be updated on total raise as well as informed on decisions on a possible property.
Investments and loans include member perks and special access to the space.
You can reach out to me directly at conspirator@ns-fw.com for details.